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US TSYS/SUPPLY: Preview 2Y Note Auction

US TSYS/SUPPLY
USGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • Tsy futures are off early session lows ahead of the $69B 2Y note auction (91282CLP4) at 1300ET, WI is currently running at 3.512%, 36.2bp rich to last month's stop.
  • August auction recap: Tsy futures pared losses slightly after the $69B 2Y note auction (91282CLH2) stopped 0.6bp through with 3.874% high yield vs. 3.880% WI; 2.68x bid-to-cover vs. 2.81x prior.
  • Indirect take-up fell to 68.96% vs. 76.57% prior, directs took 19.11% vs. 14.42% last month, primary dealer take-up 11.93% vs. 9.01% prior.
  • Timing: Results for the latest 2Y note sale will be available shortly after the competitive auction close at 1300ET.
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  • Tsy futures are off early session lows ahead of the $69B 2Y note auction (91282CLP4) at 1300ET, WI is currently running at 3.512%, 36.2bp rich to last month's stop.
  • August auction recap: Tsy futures pared losses slightly after the $69B 2Y note auction (91282CLH2) stopped 0.6bp through with 3.874% high yield vs. 3.880% WI; 2.68x bid-to-cover vs. 2.81x prior.
  • Indirect take-up fell to 68.96% vs. 76.57% prior, directs took 19.11% vs. 14.42% last month, primary dealer take-up 11.93% vs. 9.01% prior.
  • Timing: Results for the latest 2Y note sale will be available shortly after the competitive auction close at 1300ET.